Report published August 17, 2026
Piper Sandler Debt Capital Markets Update – August 17, 2026
Source and citation context
- Issuer
- Piper Sandler
- Report date
- August 17, 2026
- Analysis as of
- Not stated in source
Authors / editors: Len Sheer, Amrit Agrawal, James Chiarelli, Bob Lauria, Dan Wong, Jean Hosty, Chris Schultz, Dave Armour, Shueb Ahmed
Finvaulta summarizes Piper Sandler's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Piper Sandler's weekly Debt Capital Markets Update reports that high-yield bond and leveraged loan issuance reached $7.1 billion and $4.4 billion respectively for the week. Secondary yields for B2/B rated high-yield bonds fell to 6.32% while leveraged loan yields dropped to 8.02%, maintaining a negative 170 bps HY-over-loan spread.
Key Takeaways
- 1.The high-yield market priced eight bonds totaling $7.1 billion, bringing 2026 YTD issuance to $168.2 billion (+14.7% YoY in dollar volume).
- 2.The leveraged loan market launched eight transactions totaling $4.4 billion, bringing YTD launches to $295.4 billion (down 12.3% YoY).
- 3.Secondary yields for B2/B rated leveraged loans decreased 8 bps to 8.02%, while B2/B high-yield bond yields fell 13 bps to 6.32%, putting the HY-to-loan yield spread at -170 bps.
Table of Contents
- Loan & Bond Yields and Volume
- DEBT CAPITAL MARKETS CONTACTS
- Market Commentary
- New High Yield Bond Issues
- New Leveraged Loan Launches
- New Investment Grade Bond Issues
- Total Debt Volume
- Benchmark Yields
Report data
Total Debt Volume - Bond Issues
| Metric | Estimate | Context |
|---|---|---|
| Secondary High-Yield Bond Yield (B2/B Rated) | 6.32% | Secondary yields for B2/B rated high-yield bond market. |
| Secondary Leveraged Loan Yield (B2/B Rated) | 8.02% | Secondary yields for B2/B rated leveraged loan market. |
| High Yield vs. Leveraged Loan Spread (B2/B Rated) | -170 bps | Yield spread between B2/B rated high-yield bonds and leveraged loans. |
| High-Yield Weekly Issuance | 7.125 USD Billion | 8 high-yield bonds priced during the week. |
| Leveraged Loan Weekly Launches | 4.44 USD Billion | 8 leveraged loan transactions launched during the week. |
Reports in this series
Debt Capital Markets Update is shown in chronological order through this edition, published on August 17, 2026.
Part of the Debt Capital Markets Update series — view all 5 editions
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Authors / Editors
Reported Data Context
- Secondary High-Yield Bond Yield (B2/B Rated): 6.32 % (Week ending August 17, 2026) · Source: AdvantageData, Piper Sandler, PitchBook LCD
- Secondary Leveraged Loan Yield (B2/B Rated): 8.02 % (Week ending August 17, 2026) · Source: AdvantageData, Piper Sandler, PitchBook LCD
- High Yield vs. Leveraged Loan Spread (B2/B Rated): -170 bps (Week ending August 17, 2026) · Source: AdvantageData, Piper Sandler, PitchBook LCD
- High-Yield Weekly Issuance: 7.125 USD Billion (Previous Week (August 2026)) · Source: Piper Sandler, PitchBook LCD
- Leveraged Loan Weekly Launches: 4.44 USD Billion (Previous Week (August 2026)) · Source: Piper Sandler, PitchBook LCD